TüvTurk is the monopoly provider of vehicle inspections in Turkey with 208 inspection stations franchised across 81 regions to 48 franchisees. It was established in 2005 when TüvTurk won a tender from the Turkish Privatisation Administration for a 20 year concession to operate vehicle inspections.
The opportunity for Bridgepoint to acquire a joint controlling stake in the business arose when one of TüvTurk's three institutional shareholders decided to realise its investment. Bridgepoint was attracted by the long term growth dynamics in Turkish car volumes and the anticipated increase in the proportion of vehicles due to inspections yet to be achieved as penetration levels converge towards European services.
To learn more about the company, visit www.tuvturk.com.tr